this post was submitted on 02 Oct 2023
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I don't understand, is lemmy flooded by reddit kids now?
Comments here make it sound owning a house is free and doesn't cost money to not make it fall apart (houses tend to do so if left unmaintained).
I've rented for 20 years since I left my parents' house and finally bought my house last year, with great expenses and time waste. I'm still wondering today if renting was a better choice financially.
This is one of the reason why I think the price of property should be regulated somehow by the government. The cost/ tax of a second house should be exponentially higher to discourage people doing this, so that a renting a second house should be a financial catastrophe. Capitalism, free market does not work, especially for basic human needs (food, shelter, health, energy, and if I may say education).
I myself bought my house 2 years ago, and the price was already ridiculous. Let's say I paid almost 100k€ more than the estimated worth of the house (cause of market price). I'm pretty sure the price will collapse after some time. The price can increase 30-40 percent in 3-5 years. It's crazy. The money invested here is much higher than I did when I was renting an apartment tho.
One political party suggested that recently in my country. Nothing happened because every study showed it will just increase the rents.
I don’t think the government should control the price. That just leads to problems. The government should control supply, by changing zoning laws from single family to multi-family. It should also fund building new housing units that can be sold or rented. This is how Singapore solved its housing crisis. We should build denser. There is no reason to have a housing shortage in America when we have so much land. We just use it terribly.
The Singaporean are forced to do that because of how small their land is. In places where single family unit shouldn't be a problem (Europe or States), it shouldn't be forced to make the people to live in a multi family unit.
Owning an extra house should be punished (financially) to discourage people buying houses only to rent them away.
I'm actually a grown adult who works my ass off and is lucky enough to own my own home.
None of this changes the fact that landlords are predatory capitalist leeches.
Winning life's lottery doesn't make me lose all empathy and become an ignorant buffoon who abandons my ideals and the hope for a better world for the sake of all people.
Mutual aid, autonomy, and horizontality -- these are all beliefs that I hold for a better world.
Landlords are making the world worse by exploiting renters. They are at best class traitors, but in reality they are much, much worse. They are actively making the world a worse place for other people. They do not "provide housing," as some would say -- these are the true words of the foolish child. Instead, they create homelessness and exploit the misfortune of others for their gain.
Landlords aren't alone in this, of course. Anyone who is an actual capitalist has to go. Either they will do so willingly and live, or they will be unwilling to abandon their position and perish.
Renting was probably a better choice in this market.